Norwegian shipowner Pal Woxen Caspersen has died at the age of 81.
John Hatleskog, who worked with Caspersen for 50 years, described him as a “unique partner”.
The two began their shipping careers with P Meyer in the early 1970s. Neither had much experience in the business, but when P Meyer was on the verge of collapse in 1975, Caspersen and Hatleskog reached an agreement with main creditor ABN Amro, which eventually gave them control of the company.
